Dimethylformamide Market Research Report - Forecast Till 2030

Dimethylformamide Market: Information by Application (Solvent, Catalyst and Raw Materials), End-Use Industry (Pharmaceuticals, Chemicals, Paints & Coatings, Textile, Electronics and others) and Region (North America, Latin America, Europe, Asia-Pacific and the Middle East & Africa) - Forecast till 2030

ID: MRFR/CnM/1864-HCR | February 2021 | Region: Global | 140 pages

Dimethylformamide Market

Dimethylformamide Market is projected to be worth USD 1123 Million by 2028, registering a CAGR of 5.7% during the forecast period (2021 - 2028).

Segmentation

By Application Solvent Catalyst Raw Materials
By End-Use Industry Pharmaceuticals Chemicals Paints & Coatings Textile Electronics Others

Key Players

  • Eastman Chemical Company (US)
  • BASF AG (Germany)
  • Ak-Kim (Turkey)
  • Paari Chem Resources (India)
  • Merck (Germany)
  • Jiutian Chemical Group (Singapore)
  • HELM AG (Germany)
  • The Chemours Company

Drivers

  • Increasing demand Polymer and Film industry
  • Technological advancements
  • Increasing demand from automobiles and surface coatings industry
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Dimethylformamide market is estimated to reach a value of USD ~xx million in 2025 and is expected to grow at a robust CAGR of ~15% during the forecast period.


Dimethylformamide Market Regional Analysis


Geographically, dimethylformamide market has been divided into five regions—Asia-Pacific, North America, Europe, Middle East & Africa, and Latin America. Asia-Pacific is expected to be the largest market for dimethylformamide owing to the presence of several established chemical as well as pharmaceuticals manufacturers. Furthermore, global chemical and pharmaceutical manufacturers are targeting to shift their production base to Asian countries such as China, India, and Indonesia, to cater growing demand from various end-users, this shifting global trend is expected to create significant growth opportunity for the global market.


North America is expected to be the second-largest market for dimethylformamide, followed by Europe in 2018. A steady increase in demand for solvents from polymer and film industry is expected to fuel the growth of the in the region. Moreover, the growing electronics industry in the region with the technological advancements is expected to support the growth of dimethylformamide market. Europe dimethylformamide is expected to witness moderate growth during the forecast period. Some of the key drivers fueling the market growth is increasing demand from automobiles and surface coatings industry. The Latin American market is expected to witness lucrative growth owing to improving political and economic outlook and flourishing chemical & Electronic industry in the region. The Middle East & Africa market holds a relatively smaller share and is in the nascent stage in the global dimethylformamide market. However it is expected to register healthy growth driven by increasing investment in chemical & petrochemical industry.


Key Players


Some of the key players operating in the dimethylformamide market are Eastman Chemical Company (US), BASF AG (Germany), Ak-Kim (Turkey), Paari Chem Resources (India), Merck (Germany), Jiutian Chemical Group (Singapore), HELM AG (Germany), The Chemours Company (US), Mitsubishi Gas Chemical Company, Inc. (Japan), and Luxi Chemical Group (China) and others.

Market Overview


Dimethylformamide is a colorless organic liquid with a formula (CH3)2NC(O)H and CAS number 68-12-2. Dimethylformamide is primarily used as an industrial solvent for various applications such as polymer fibers, films, and surface coatings. Dimethylformamide is synthesis by the reaction of methyl formate and dimethylamine or by the reaction of dimethylamine with carbon monoxide. Dimethylformamide is also used as a catalyst in a various chemical reaction and used in raw material in different chemical reactions owing to its miscibility with water and multiple compounds.


Robust growth of the chemical and pharmaceutical industry across the globe is expected to drive the demand of dimethylformamide for various applications substantially. Owing to the high solubility of organic and inorganic residuals, dimethylformamide is widely used as a cleaner for hot-dip tinned parts in the chemical industry. Moreover, dimethylformamide is also used across the electronics industry, owing to its high solvency. Thus, the strong growth of the electronics industry across the globe, particularly in North America and Asia-Pacific is likely to exert a positive impact on the growth of the global dimethylformamide market during the forecast period. Moreover, with the growing health concern and with the substantial investment in R&D and expansion of the pharmaceutical industry is expected to significantly drive the growth of dimethylformamide market during the forecast period.


Furthermore, it is also widely used as a solvent for polymers and resins. Hence with the robust growth of the polymer industry across the globe, the demand for dimethylformamide is expected to increase significantly during the forecast period. Also, high purity dimethylformamide has a characteristic of selective solvency. Hence it is also used in removing butadiene from hydrocarbons processes and removing or gaining acetylene in various chemical processes. Furthermore, owing to the increasing use of dimethylformamide in a wide range of application such as adhesive and surface coatings, industrial solvents, and others, is expected to propel the growth of the global market.


Though dimethylformamide is used across a wide range of applications, the concern about its potential health impact on human and animals is expected to be a key challenge for the growth of the global market. It has been observed an acute exposure to dimethylformamide can damage the liver in humans and animals.


Global Dimethylformamide Market Share, by Application, 2018 (%)  Dimethylformamide Market


Segmentation Analysis


The global dimethylformamide market has been segmented based on application, end-use industry, and region.


Based on application, the global dimethylformamide market has been categorized as an industrial solvent, catalyst, raw materials.


The global dimethylformamide market, by end-use industry, has been segregated into pharmaceuticals, chemicals, paints & coatings, textile, electronics, and others.


The global dimethylformamide market, by region, has been divided into North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa.

Recent Development

November 2021- BASF, a global leader in chemical production, has announced the launch of an innovative synthetic polyurethane (PU) solution, Haptex, that doesn’t use any organic solvent or plasticizer in the manufacturing process to be an environmentally friendly substitute to conventional synthetic leather. Haptex is used to manufacture the middle layer of synthetic leather for fashion items such as bags, hats, belts, skirts, shoes, caps, jackets, and home furniture.
As a fraction of the company’s environmental goals, BASF wants to remove toxicity concerns from the equation.
Currently, both main types of synthetic leather, solvent-based PU and polyvinyl chloride (PVC) can make them toxic in doses- PU synthetic leather comprises toxic-solvent liquid dimethylformamide (DMF) while PVC releases dioxins.
Even though 99 percent of DMF can be recycled during production, there is still a 1 percent chance of completing the process. This implies a high chance of DMF release, leading to health risks to both workers and synthetic leather consumers.
With no organic solvent or adhesive needed, the manufacturing of Haptex avoids the use of a wet process and a “dry” process that involves using the foaming agent.



Target Audience



  • Dimethylformamide manufacturers

  • Traders and distributors of dimethylformamide

  • Production process industries

  • Potential investors

  • Raw material suppliers



Report Scope:
Report Attribute/Metric Details
  Market Size    2030 : Significant value
  CAGR   15%
  Base Year   2021
  Forecast Period   2022 to 2030
  Historical Data   2019 & 2020
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Application, end-use industry, and region
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Eastman Chemical Company (US), BASF AG (Germany), Ak-Kim (Turkey), Paari Chem Resources (India), Merck (Germany), Jiutian Chemical Group (Singapore), HELM AG (Germany), The Chemours Company (US), Mitsubishi Gas Chemical Company, Inc. (Japan), and Luxi Chemical Group (China)
  Key Market Opportunities

  • Wide Range Application
  • Substantial investment in R&D and expansion of the pharmaceutical industry
  •   Key Market Drivers

  • Increasing demand Polymer and Film industry
  • Technological advancements
  • increasing demand from automobiles and surface coatings industry


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    Frequently Asked Questions (FAQ) :

    The market would have a 15% CAGR during the forecast period of 2020 to 2027.

    The Asia Pacific market would take the market ahead at a faster pace than others.

    Automotive and surface coating industries would trigger growth for the dimethylformaldehide market.

    The companies are BASF AG (Germany), Eastman Chemical Company (US), Paari Chem Resources (India), Merck (Germany), HELM AG (Germany), The Chemours Company (US), Mitsubishi Gas Chemical Company, Inc. (Japan), Jiutian Chemical Group (Singapore), Ak-Kim (Turkey), and Luxi Chemical Group (China), and others.

    The market would be backed by the chemical & petrochemical industry.